Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) Scheme

  • IASbaba
  • December 29, 2022
  • 0
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Context: Minister of State for Food Processing Industries have informed that the total amount of Centre’s Share of credit-linked subsidy provided under the PMFME Scheme is Rs.110.86 crore.

About the PMFME scheme:

  • Pradhan Mantri Formalisation of Micro food Processing Enterprises (PMFME) Scheme was launched under the ‘Aatmanirbhar Bharat Abhiyan’ and ‘Vocal for Local’ campaigns, to provide technical, financial and business support to micro food processing units in the country.
  • The government intends to provide direct financial and technical assistance to about 200,000 micro food processing units under this scheme.

Objectives of the scheme:

  • Credit access to existing micro food processing businesses, Farmer Producer Organisations (FPOs), co-operatives, and Self-Help Groups (SHGs), for technology upgradation
  • Assistance to 200,000 existing micro food processing units to transform them into organised units, by strengthening their marketing & branding, and integrating the supply chain with formal units
  • Increased access to shared services, such as storage, incubation facilities, and packaging.
  • Professional and technical support for food processing entrepreneurs.
  • Proper training and research to individual or group owned food processing enterprises.
  • The PMFME Scheme has adopted the One District One Product approach.
    • Under this approach, the state identifies and selects a food product for the district, that could be a perishable agricultural crop, such as cereals, or a food product that is largely produced in the district.

Source: PIB


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